First Bank in Wadley, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Bank in Wadley, Alabama (AL)
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First Bank - Overview

  • General
  • FDIC Certificate #: 1744
    Status: Active
    Federal Reserve ID: 291330
    Bank Holding Company (Regulatory Top Holder): Peoples Independent Bancshares, Inc. (RSSDID: 1918755, Location: Boaz, AL)
    Date Established: November 06, 1907
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 1156
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: Febuary 24, 2011
    Last Structure Change Process Date: Febuary 24, 2011
    Last Data Update: Febuary 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 312 Main Street, Wadley, AL 36276
    County: Randolph
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Shelby
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $67.5 mil
    Equity capital: $6.6 mil
    Deposits held in domestic offices: $60.8 mil
    Return on assets (ROA): 0.70% ($0.5 mil)
    Quarterly return on assets: 0.86% ($0.6 mil)
    Return on Equity (ROE): 7.24% ($0.5 mil)
    Quarterly return on equity: 8.73% ($0.6 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.71% ($479.4 mil)
    Quarterly Pretax return on assets: 0.78% ($526.6 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 25Total employees (full-time equivalent)
  • $67,519Total assets
  • $7,541Cash and due from depository institutions
  • $0Interest-bearing balances
  • $28,512Securities
  • $3,843Federal funds sold & reverse repurchase agreements
  • $24,496Net loans & leases
  • $286Loan loss allowance
  • $0Trading account assets
  • $803Bank premises and fixed assets
  • $626Other real estate owned
  • $0Goodwill and other intangibles
  • $67,518Life insurance assets
  • $1,698All other assets
  • $60,945Total liabilities and capital
  • $60,793Total liabilities
  • $49,981Total deposits
  • $60,793Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $152Subordinated debt
  • $6,573All other liabilities
  • $6,573Total equity capital
  • $6,573Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $1,656Surplus
  • $4,916Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,015Income earned, not collected on loans
  • $0Earning assets
  • $348Long-term assets (5+ years)
  • $56,851Average Assets, year-to-date
  • $22,088Average Assets, quarterly
  • $66,826Volatile liabilities
  • $66,836Insider loans
  • $35,953FHLB advances
  • $66,900Loans and leases held for sale
  • $1,000Unused loan commitments
  • $1,000Tier 1 (core) risk-based capital
  • $6,876Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,636Restructured Loans and leases
  • $291Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,241Total interest income
  • $600Total interest expense
  • $2,641Net interest income
  • $411Provision for loan and lease losses
  • $554Total noninterest income
  • $0Fiduciary activities
  • $394Service charges on deposit accounts
  • $0Trading account gains & fees
  • $160Additional noninterest income
  • $2,228Total noninterest expense
  • $1,078Salaries and employee benefits
  • $268Premises and equipment expense
  • $882Additional noninterest expense
  • $556Pre-tax net operating income
  • -$79Securities gains (losses)
  • $9Applicable income taxes
  • $468Income before extraordinary items
  • $0Extraordinary gains - net
  • $468Net income attributable to bank
  • $0Net charge-offs
  • $468Cash dividends
  • $428Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.79%Yield on earning assets
  • 1.07%Cost of funding earning assets
  • 4.72%Net interest margin
  • 0.99%Noninterest income to earning assets
  • 3.98%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 0.71%Pretax return on assets
  • 7.24%Return on equity (ROE)
  • 7.24%Retained earnings to average equity (YTD only)
  • 1.61%Net charge-offs to loans
  • 96.03%Credit loss provision to net charge-offs
  • 2.26%Efficiency ratio
  • 69,734Assets per employee
  • 2.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.15%Loss allowance to noncurrent loans
  • 28.18%Noncurrent assets plus other real estate owned to assets
  • 2.43%Noncurrent loans to loans
  • 4.10%Net loans and leases to deposits
  • 40.29%Net loans and leases to core deposits
  • 42.06%Equity capital to assets
  • 9.74%Core capital (leverage) ratio
  • 10.28%Tier 1 risk-based capital ratio
  • 19.12%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $66,826Average earning assets
  • $6,468Average equity
  • $56,004Average loans

List of branches

  • 5 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01156First Bank312 Main Street, Wadley, AL 36276November 06, 1907Full Service Brick and Mortar
    1190060Roanoke Branch109 Main Street, Roanoke, AL 36274August 31, 1982Full Service Brick and Mortar
    2190061Rockford Branch205 Main Street, Rockford, AL 35136November 02, 1992Full Service Brick and Mortar
    3442357First Bank Branch8569 Us Highway 431, Heflin, AL 36264January 03, 2005Full Service Brick and Mortar
    4480333Goodwater Branch105 North Main Street, Goodwater, AL 35072July 08, 2008Full Service Brick and Mortar

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